Ascendiant Capital Markets Lowers Verb Technology (NASDAQ:VERB) Price Target to $60.00

Verb Technology (NASDAQ:VERB) had its price objective cut by equities research analysts at Ascendiant Capital Markets from $100.00 to $60.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock.

Verb Technology Price Performance

Shares of NASDAQ VERB opened at $4.40 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.05 and a quick ratio of 4.05. The firm has a market capitalization of $4.90 million, a PE ratio of -0.14 and a beta of 0.67. Verb Technology has a 1-year low of $3.81 and a 1-year high of $40.30. The business’s fifty day moving average price is $4.87 and its two-hundred day moving average price is $6.84.

Verb Technology (NASDAQ:VERB) last posted its earnings results on Tuesday, March 25th. The company reported ($2.20) EPS for the quarter, topping the consensus estimate of ($2.52) by $0.32. The firm had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $0.20 million. Verb Technology had a negative net margin of 5,002.98% and a negative return on equity of 88.37%. On average, research analysts expect that Verb Technology will post -17.56 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Verb Technology stock. SBI Securities Co. Ltd. purchased a new position in Verb Technology Company, Inc. (NASDAQ:VERB) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,538 shares of the company’s stock, valued at approximately $36,000. SBI Securities Co. Ltd. owned 0.56% of Verb Technology at the end of the most recent quarter. 7.24% of the stock is currently owned by institutional investors and hedge funds.

Verb Technology Company Profile

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.